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Analysts’ Opinions Are Mixed on These Consumer Goods Stocks: Beyond Meat (BYND) and The Hershey Company (HSY)

Tipranks - Thu Apr 2, 10:42AM CDT

Companies in the Consumer Goods sector have received a lot of coverage today as analysts weigh in on Beyond Meat (BYND) and The Hershey Company (HSY).

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Beyond Meat (BYND)

In a report released today, John Baumgartner from Mizuho Securities maintained a Sell rating on Beyond Meat. The company’s shares closed last Wednesday at $0.61.

According to TipRanks.com, Baumgartner is a 4-star analyst with an average return of 4.3% and a 50.5% success rate. Baumgartner covers the Consumer Goods sector, focusing on stocks such as Mondelez International, The Hershey Company, and Simply Good Foods. ;'>

Beyond Meat has an analyst consensus of Moderate Sell, with a price target consensus of $1.00, implying a 58.4% upside from current levels. In a report issued on March 17, Barclays also maintained a Sell rating on the stock with a $1.00 price target.

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The Hershey Company (HSY)

In a report released today, David Palmer from Evercore ISI maintained a Hold rating on The Hershey Company, with a price target of $255.00. The company’s shares closed last Wednesday at $204.83, close to its 52-week high of $211.92.

According to TipRanks.com, Palmer is a 4-star analyst with an average return of 4.2% and a 57.8% success rate. Palmer covers the Consumer Goods sector, focusing on stocks such as Mondelez International, Once Upon a Farm, PBC, and BellRing Brands. ;'>

The word on The Street in general, suggests a Hold analyst consensus rating for The Hershey Company with a $231.67 average price target, implying a 13.9% upside from current levels. In a report released today, TipRanks – PerPlexity also downgraded the stock to Hold with a $232.00 price target.

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